management discussion and analysis Malaysia’s economy is projected to see moderate growth in 2025, with the government forecasঞng GDP expansion between 4.5% and 5.5%. This growth is expected to be driven by domesঞc demand, supported by improvements in the labour market and income-related government policies. However, external factors like global trade tensions and slower growth in major export markets could pose downside risks. BNM flagged intensifying external headwinds with internaঞonal trade tensions, but nevertheless, maintained the growth forecast. Malaysia’s key growth drivers for 2025 include the expansionary naঞonal budget, stable labour market condiঞons, ongoing investments, increased tourism acঞvity as Malaysia assumes the Asean chairmanship this year, energy transiঞon efforts, implementaঞon of naঞonal masterplans, and regional development. PROPERTY INDUSTRY PROSPECTS Malaysia is expecঞng the property market to maintain its posiঞve growth trajectory, as what was experienced in 2024, recording the highest volume and value of property transacঞons over the past decade. This impressive growth was fuelled by a robust expansion in market acঞviঞes across all sub-sectors. This momentum will be supported by the strong growth of Malaysia’s economy and the conঞnuous government support, including the full implementaঞon of the New Industrial Master Plan 2030, the Naঞonal Energy Transiঞon Roadmap, and the Twelve Malaysia Plan. The residenঞal sub-sector is expected to sustain its expansion and solidify its posiঞon as the largest contributor to the naঞonal transacঞon acঞvity. The growth can be aributed to government iniঞaঞves outlined in Naঞonal Budget 2024, which increased confidence in the property market, including the easing of requirements for the MM2H programme. The property market growth is expected to conঞnue its posiঞve trajectory, supported by the implementaঞon of various government efforts and iniঞaঞves through the MADANI Economy Framework. PROSPECTS FOR MATRIX Since our lisঞng in 2013, the Group has successfully maintained a strong financial track record throughout, largely driven by robust new property sales. We are indeed proud that the Group has firmly established itself as one of Malaysia’s leading property developers, known for its high-quality township developments that deliver excepঞonal value. Following the successful achievement of our FY2025 target of RM1.3 billion for new property sales, we have set ourselves a series of ambiঞous targets to achieve. Overall, we are looking to derive 30% revenue from outside Negeri Sembilan as part of our 5-year plan. In opঞmising our resources, we aim to achieve a higher sales target of RM1.6 billion in FY2026 for new property sales. Alongside this is a firm commitment to set a target of RM1 billion in sales at Bandar Seri Sendayan (BSS). Moving forward, our BSI township will see a revival of project launches, focusing on more affordable products. This represents a shi[ from our current product line-up, which has been steadily climbing above RM500,000 per unit. “Our proactive adoption of digital and social media sales channels has significantly expanded our reach to these Klang Valley homebuyers, allowing us to effectively meet their demand for our residential properties, particularly those in the RM600,000 price range.” Not one to rest on our laurels, we remain dedicated to enhancing the value of our township developments by conঞnuously improving ameniঞes and infrastructure to foster vibrant communiঞes. Matrix is strategically posiঞoned for conঞnued growth, driven by strong demand for our properঞes, especially within our flagship Sendayan Developments in Seremban, Negeri Sembilan. It is encouraging to see Klang Valley residents increasingly choosing our homes outside the city, a trend supported by beer connecঞvity, improved roads, and the rise of remote work facility. Our proacঞve adopঞon of digital and social media sales channels has significantly expanded our reach to these Klang Valley homebuyers, allowing us to effecঞvely meet their demand for our residenঞal properঞes, parঞcularly those in the RM600,000 price range. Within the Klang Valley, the Group’s second high-rise residenঞal development, Levia Residence in Cheras, Kuala Lumpur, was launched in January 2024 with a GDV of RM523.0 million. The overwhelming response received led us to fastrack the launch of its second phase, Levia @ Puchong in FY2025, which we anঞcipate will contribute posiঞvely to our future earnings. 48 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 03 KEY MESSAGES
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